Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of voice over Internet protocol service provider Vonage
So what: Since its IPO, Vonage has been a tough company to love. Large losses, cash burn, the threat of bankruptcy -- these aren't a few of shareholders' favorite things. But Vonage has scrapped its way back, and its fourth-quarter report showed the company continuing to move in the right direction. Adjusted net income came in at $0.06, which easily topped the $0.04 that Wall Street expected. Maybe more importantly, the company announced the addition of 6,000 net new customers, which is the first quarter in more than two years that that number has been positive.
Now what: As a customer of Vonage myself, I have few complaints. As an investor though, I'm inclined to dismiss the stock. After all, there's still plenty of debt to be dealt with, and competitive pressures from the likes of Comcast
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